Global
Global LEI: Growth Lacks A Convincing Inflection Point…
ISM Services PMI’s Surge Hides Softer Dynamics…
Fade The Signal From Silver-To-Gold…
Does The Utilities Rally Have Legs…
The long-term winners from the generative-AI gold rush are unlikely to be the ‘picks and shovels’ stock Nvidia or the overvalued US superstars of Web 2.0. We discuss the structural investment implications. Plus: time to go tactically overweight global consumer discretionary (RXI).
May In Review…
Oil Demand Forecasts Raise The Risk Of Disappointments…
The US economy is in the “Overheating” phase, so stronger growth brings higher inflation. Tight monetary policy means recession is still likely over the next 12 months. Stay defensive.
In this report, we gauge the outlook for the dollar given client visits in Africa.
Trump's Conviction Is Not A Game Changer…